CNBC Daily Open: U.S. Treasurys shine as safe havens
Publishing timestamp: 2023-10-10 19:49:43
Summary
U.S. stocks rose due to falling Treasury yields and easing oil prices. Samsung is expected to report a significant decline in profits. The IMF revised its forecasts for the U.S. economy upward but downward for the euro zone. A former employee of Alameda Research testified that the company committed fraud. Hedge fund manager Paul Tudor Jones predicts a recession and a potential 12% slump in the stock market. Falling Treasury yields provided relief to stocks. The Bank of England warned about the valuation of U.S. technology stocks.
Sentiment: MIXED
Tickers: .SPX, .IXIC, .RUT, .DJI,
Keywords: economy, s&p 500 index, dow jones industrial average, markets, business news, world markets, russell 2000 index, u.s. treasury bonds, technology, united states, nasdaq composite, samsung electronics co ltd, economic events,
Source: https://www.cnbc.com/2023/10/11/stock-markets-us-treasurys-shine-as-safe-havens.html